Breaking news in the NHL world, the team owners and players have finally come to an agreement, reaching a tentative deal. The deal will have the players, play 48 game season. The lockout ended nearly four months ago, but the deal is expected to last 10 years which will split the revenues 50-50 between the players and the owners.

Commissioner Bettman had this to say on the matter:

“Don Fehr and I are here to tell you that we have reached an agreement on the framework of a new Collective Bargaining Agreement, the details of which need to be put to paper,  We have to dot a lot of I’s and cross a lot of T’s. There is still a lot of work to be done, but the basic framework has been agreed upon.”We have to go through a ratification process and the Board of Governors has to approve it from the League side and, obviously, the players have to approve it as well. We are not in a position to give you information right now about schedule, when we are starting. It’s early in the morning and we have been at this all day and all night, obviously. But, we will be back to you very shortly, hopefully, later today with more information in that regard.”

According to multiple reports, the deal spans 10 years with an option to pull out after 8 years,and it features a seven year limit on new player contracts (extended to eight for players re-signing with their own team).